Red (Ted) Flags at Night - Ted Baker CEO takes leave of absence at 4.27pm Friday
On Friday evening at 4.27pm – just as the city was packing its bags for the weekend – fully listed Ted Baker (TED) released an RNS announcing that its embattled CEO was to take a leave of absence. The shares, which had been trading at around £15.20, crashed into the close and ended the day on a spread of £14.58-14.79, and an official close of £14.93 – but I fancy there will be more weakness to come as the city returns to work on Monday.


